Clear Channel clears $236 million in quarter

Saturday

Jul 28, 2007 at 12:01 AM

SAN ANTONIO | Radio and billboard giant Clear Channel Communications Inc. earned $236 million during the second quarter, 19 percent more than the same period last year, as outdoor advertising continued to post strong growth.Revenue from the company’s radio business, which has faced stiff competition from satellite and digital music players in the last several years, continued to be nearly flat, but billboards and outdoor displays posted 12 percent gains, according to the earnings report released Friday.The company said second quarter revenue totaled $1.8 billion, up from $1.7 billion last year.

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